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Calling capital discipline in the gold mining industry "appalling," BlackRock's Evy Hambro says...
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Tuesday, December 4, 2012, 3:01 PM ETCalling capital discipline in the gold mining industry "appalling," BlackRock's Evy Hambro says managements need to stop chasing volume growth and start delivering returns. The oil sector pays out 45% of profits as dividends, gold just 25%. The worst thing right now would be a spike in the gold price because it would take pressure of management to make hard decisions.
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The big ones like Gold corp and Bsarrack should be returning to loyal investors their just desserts!